The World Bank Report No: ISR1026 Implementation Status & Results Peru Public Disclosure Copy PE Sierra Rural Development Project (P079165) Operation Name: PE Sierra Rural Development Project (P079165) Project Stage: Implementation Seq.No: 9 Status: ARCHIVED Last Modified Date: 31-Jan-2011 Country: Peru Approval FY: 2007 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Specific Investment Loan Implementing Agency(ies): ALIADOS, MINAG (Ministry of Agriculture) Key Dates Board Approval Date 24-Apr-2007 Original Closing Date 31-Dec-2012 Planned Mid Term Review Date 05-Dec-2010 Last Archived ISR Date 16-Jun-2010 Effectiveness Date 09-Jul-2008 Revised Closing Date 31-Dec-2012 Actual Mid Term Review Date 05-Dec-2010 Project Development Objectives Project Development Objective (from Project Appraisal Document) The project objective is to improve the assets and economic conditions of approximately 53,600 rural families in the selected areas of Apurimac, Ayacucho, Huancavelica, Junin, Huanuco, and Pasco, and strengthen government capacity to implement an integrated Sierra development strategy. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Rural Businesses 15.61 Community Development 13.58 Sierra Coordination and Project Mgmt. 5.74 Public Disclosure Copy Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Unsatisfactory Overall Risk Rating NA Implementation Status Overview The last concourse increased the number of rural business subprojects to 427 and of community development projects to 448. This represents 69% of the target for rural businesses subprojects and 51% of the target for community development subprojects. To date, the project has disbursed a total of US$15.14 million (US$8.69 million IBRD, US$ 4.85 GOP counterpart and approximately US$ 1.6 million from beneficiaries) Results Page 1 of 6 The World Bank Report No: ISR1026 Project Development Objective Indicators Public Disclosure Copy Indicator Baseline Current End Target Indicator Name Value Value Value Value of principal productive assets of 75% of beneficiaries increased -Land holdings: 22.0% of farmers 0 Increased by 16% Increase of 30% for at least 26,000 by 30% a 0.5 Has. -Percentage of families Date households with various Date agricultural activities. 24.1 % 24-Jan-2011 Type Unit of Measure household s have Plowshares Comment 31-Dec-2012 Custom Indicator Text animal 6.5 years old. -Household Comment land plot improvement Date 30-Oct-2007 Comment Indicator Baseline Current End Target Indicator Name Value Value Value Sierra's economic production as a share of national GDP has 22% of the national GDP By the end of 2009, Sierra's Increased increased. economic production reached 22 Date Date % of the national GDP. 30-Oct-2007 31-Dec-2012 Date Type Unit of Measure Comment Comment 24-Jan-2011 Custom Indicator Text Comment The Sierra region covers a total of 11 Regions, according to the National Statistics Institute INEI (Cajamarca, Apurimac, Ancash, Huancavelia, Ayacucho. Junin, Puno, Cusco, Huanuco, Arequipa y Public Disclosure Copy Pasco). Page 2 of 6 The World Bank Report No: ISR1026 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value National Government's development investments in the Sierra have Development Investments of the increased by at least 30% National Government in the Sierra Date Date increased by 21% by the end of 2009. (reached S/. 6,885.9 million) 31-Dec-2012 Type Unit of Measure Comment Date Comment Custom Indicator Text 24-Jan-2011 Comment This will be measured through the mid-term review study, currently being contracted. Indicator Baseline Current End Target Indicator Name Value Value Value Net value of production of participating rural families increased by 20% Net profits of Agricultural Net income of participating rural Increased by 20% (as measured by a composite index) Production: S/. 762.33; Livestock: families increased by 21 % Date S/. 413.52; Agric ultural Date subproducts: S/. 198.27; Livestock 31-Dec-2012 Type Unit of Measure subproducts: S/. 1339.13 24-Jan-2011 Comment Custom Indicator Text Date Comment 30-Oct-2007 Based on estimates from 29 subprojects assessed during the Comment December mid-term review. Intermediate Results Indicators Indicator Baseline Current End Target Indicator Name Value Value Value Public Disclosure Copy At least 18,600 beneficiary families implementing rural business 0 families / profits TBD at time 9,438 beneficiary families are 18,600 families / profits increase by subprojects have increased profits by at least 25% subprojects awarded implementing rural business 25% Date subprojects, with an increased of Date net profit of 21%. Type Unit of Measure 30-Oct-2007 31-Dec-2012 Date Custom Indicator Text Comment Comment 24-Jan-2011 Comment Page 3 of 6 The World Bank Report No: ISR1026 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value At least 620 business plans implemented 0 427 business plans being 620 Date implemented . Date 30-Oct-2007 Date 31-Dec-2012 Type Unit of Measure Comment 24-Jan-2011 Comment Custom Indicator Text Comment Indicator Baseline Current End Target Indicator Name Value Value Value At least 875 community development subprojects implemented, 0 448 community subprojects/17,764 875 subprojects / 35,000 families benefiting at least 35,000 families. families . Date Date 30-Oct-2007 Date 31-Dec-2012 Type Unit of Measure Comment 24-Jan-2011 Comment Custom Indicator Text Comment Indicator Baseline Current End Target Indicator Name Value Value Value Sierra Development Unit (SDU) established and functioning No SDU Unit has been established, Functioning SDU Date computers and furnitures have Date been acquired and staff has been 30-Oct-2007 hired. 31-Dec-2012 Type Unit of Measure Comment Date Comment Custom Indicator Text 24-Jan-2011 Comment Public Disclosure Copy Indicator Baseline Current End Target Indicator Name Value Value Value Integrated Sierra Development Program approved by government of No integrated program Integrated Rural/Territorial Integrated program approved Peru Development Implementation Plan Date Date currently being prepared. 30-Oct-2007 31-Dec-2012 Date Type Unit of Measure Comment Comment 24-Jan-2011 Custom Indicator Text Comment Page 4 of 6 The World Bank Report No: ISR1026 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value MARENASS Information Management System, Financial Management Systems in preparation Has been developed and Systems operational System, and M&E System established and operational integrated into AGRORURAL M&E Date Date system. 30-Oct-2007 31-Dec-2012 Date Type Unit of Measure Comment Comment 17-Oct-2010 Custom Indicator Text Comment Data on Financial Performance (as of 21-Jan-2011) Financial Agreement(s) Key Dates Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P079165 IBRD-74430 Effective 24-Apr-2007 26-May-2008 09-Jul-2008 31-Dec-2012 Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P079165 IBRD-74430 Effective USD 20.00 20.00 0.00 8.69 11.31 43.00 Disbursement Graph Public Disclosure Copy Page 5 of 6 The World Bank Report No: ISR1026 Key Decisions Regarding Implementation A number of operational adjustments have been agreed upon in order to facilitate the deconcentrated operations of the Project. Public Disclosure Copy Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 6 of 6